Cisco Plans to Invest $240 Million in Startup Operations in India

Cisco, a US technology company recently announced they plan to invest about $240 million in Indian startup operations. The company is headquartered in San Jose, California and provides networking equipment. They employ about 300,000 developers and plan to increase that number to more than one million by 2020.

Operations in India are not a new thing for Cisco. They have operated in India for more than two decades and plan to increase the operation. The investment will be used to expand cloud computing, mobile technology and the Internet of Things (IoT).